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Housing market facing 'bloodbath' collapse: economists, page-157

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longrunsthefox

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25/06/15

10:25

Post #: 15527119
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Originally posted by thecook ↑

There will be a bloodbath in the outer suburbs if businesses don't start to invest. Wage growth is sloppy. Cost of living rising. Household debt booming. Banks have over-capitalised on homes at a time of great uncertainty. Property has been the great saviour thus far, post-mining. We need a new hero.

Q1 accounts due today. Let's see if the banks are vindicated or having a blind stab in the dark.

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